If the Federal Reserve conducts open market purchases, the money supply ________, shifting the LM curve to the ________, everything else held constant

Price will be higher and output will be lower under monopoly than under perfect competition with the same demand and cost conditions

Indicate whether the statement is true or false

Which of the following is an example of a firm's derived demand?

a. The wage that a worker earns is a function of her human capital. b. A firm's demand for college textbook study guide authors is inseparably linked to the supply of college textbooks. c. Factors that increase the demand for labor will increase the equilibrium wage. d. All of the above are correct.